This past week had an average for the year number of real estate transfers with 157 recorded.

Knoxville & Farragut TN Real Estate Transfers recorded last week

Knoxville & Farragut TN Real Estate Transfers recorded last week

No sales recorded for properties priced over a million dollars, 3 between $500,000 and a million, and the highest number was the price point between $100,000 to $150,000. No surprises there since the Knoxville area median price for a 3 bedroom home is currently $139,900.

As I recently reported, sales in the Knoxville area seem to be holding up past the traditional seasonal slowdown times. Typically we see sales numbers start to trend downward after July-August and continue downward until the first part of the follow year when they historically have started a climb back to late spring and summer peak sales times. Looks like from the sales figures this year may be a little different.

Knoxville area year to date sales

Knoxville area year to date sales

You will notice on the graph above, sales have been hovering just around a thousand sales a month since June. Normally by this time August and September numbers would be much lower.

I’m guessing that the $8,000 tax credit is driving a very significant portion of those later year sales. Whatever the reason it’s good news for home sellers and buyers as well as Knoxville’s real estate community.

There’s currently lots of talk about extending that tax credit until next year. Your guess is as good as mine as to what’s going to happen there. Congress did vote to extend it until November 2010 for military personnel that have served at least 90 days outside the Continental US at any time during 2009.

Find information on all the listings still for sale in the greater Knoxville area at the usual spot: www.KnoxvilleHomeCenter.com Please call or comment with any questions or concerns.

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